They will be installing grab bars everywhere.

Quote from @Stephen Smith: Quote from @Jay Hinrichs: Quote from @Stephen Smith: Separately, a local roofing contractor was recently caught installing shingles on a BTC property in Cape Coral.  

I recommend that you engage with a real estate accountant to ensure you set everything up properly. 

However, once a portfolio is properly diversified in a rather small number of different investments, the portfolio has reached maximum risk aversion by diversification.  

The hard and the fun part is training my team there in the proper processes from planting all the way through selling.  

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If you've already reached that end - ie if $4 million is enough principal to create residual income that you won't outlive - then I don't see any good reason to be buying out-of-town properties that then have to be managed properly to preserve your investment. 

You know, proper upkeep.Best regards, Stevan

This is even more glaring when looking at the newer "wood" flooring that was installed. 

Quote from @Alvin Sylvain: This could be a good idea if executed properly.